UTE marks 70th anniversary

Recognised for delivering the highest quality engineering solutions and unmatched service support, United Tractor & Equipment (Pvt.) Limited (UTE) proudly celebrates its 70th anniversary this year. Founded by W.D. Fernando in 1947 as a family-owned company, UTE began serving the nation as the sole Caterpillar dealer for heavy construction machinery. This vital partnership continues seven decades later thus making it one of the oldest Caterpil

Browns Agriculture plays significant role in govt. initiative

The Disaster Management Ministry and Presidential Secretariat handed over 200 Browns TAFE 45 DI tractors together with bowsers to the Government Agents and District Secretarial Offices in the drought-affected areas.

Customers prefer Keells Super’s ‘Super Fresh Chicken’

Popular supermarket chain, Keells Super recently launched their latest produce in the meats range by introducing ‘Super Fresh Chicken’ across all its 60 plus outlets. The move is in line with its quest to ensure that the customers get the best in freshness and nutrition.

Rs.1 lakh turns into Rs.1mn for DLB lottery winners

For decades the Development Lotteries Board (DLB) has been dedicated to uplifting the lives in Sri Lanka and has contributed to the development in the country through its marketing and corporate social responsibility (CSR) endeavours. Recently it made a record-breaking change and relaunched the popular product Lakshapathi by rebranding it as Dasalakshapathi. The objective of revitalizing the brand is to offer the loyal consumers greater opportuni

EFL celebrates 35th anniversary as global logistics provider

Leading logistical services provider Expolanka Freight (Pvt.) Ltd celebrates its 35th anniversary today.

Singer launches much-awaited Avurudu offers

Singer Sri Lanka, the country’s leading retailer in consumer durables, launched its special Avurudu offers for the upcoming Avurudu season. 

National Chamber’s ‘Meet the Minister’ to feature John Seneviratne

The National Chamber of Commerce will host the  Minister of  Labour and Trade Unions, , on   ‘Meet the Minister’ programme for an interactive session with the business community, on April 6, from 3.00 p.m. to 4.30 p.m. at the Chamber Auditorium,  Colombo 10.

Economic Assn. to hold seminar on power sector challenges

Sri Lanka Economic Association in collaboration with Department of Economics, University of Colombo, is organizing a seminar titled ‘Emerging Challenges in the Power Sector in Sri Lanka.’ The event will be held on March 23 at the Department of Economics Auditorium, University of Colombo.

DFCC Bank Engages With The Nation For Earth Hour Through Social Media

DFCC Bank will celebrate Earth Hour on 25th March by switching off power between 8.30pm and 9.30pm across all its branches. In order to promote greater awareness about Earth Hour,

Private sector calls for more transparency in H’tota port deal

The private sector last week expressed concerns over the government’s ‘iron curtain’ with regard to the Hambantota port sale agreement and called for more transparency and the involvement of local businesses in the venture.

Singer Sri Lanka mulls setting up new production facilities at BoI zones

Consumer durables giant Singer Sri Lanka PLC is currently negotiating the construction of new production facilities at the Board of Investment (BoI) industrial zones as part of the group’s long-term strategic plans, a leading official said.

Shares edge down on rate hike concerns ahead of review

REUTERS: Sri Lankan shares edged down yesterday, hovering near a one-year closing low hit last week, as expectations of a rate hike continued to weigh on sentiment. The Colombo stock index fell 0.1 percent to finish at 6,041.17, near its lowest close since March 16, 2016 hit on Thursday. The bourse fell 0.6 percent last week, posting its fourth straight weekly decline.

Etisalat named most valuable telecoms brand portfolio for 2017

Etisalat is recognised as the most valuable of any telecoms brand portfolio in the Middle East by leading London-based brand valuation and strategy consultancy ‘Brand Finance’. 

HP reinvents future together with Sri Lankan partners in Korea

The HP Partner First Forum was held in Seoul, Korea in February 2017 under the theme ‘Reinventing the Future Together’. 

Cambodia, Sri Lanka and China debt trap

The influx of Chinese economic assistance into Sri Lanka and Cambodia has raised questions regarding the intentions behind these massive loans. While China may still be considered a developing economy, its current strategy of providing soft power loans and aid to its regional neighbours is reminiscent of the tributary system that the country employed back in its empire days.

D Tech and LK Simulation enter into reality services agreement

D Tech (Pvt.) Ltd and LK Simulation (Private) Limited (LKSIM) announced their partnership to strengthen their capabilities to deliver enhanced value to customers. 

CSE says first leg of capital market promotion in Australia a success

The ‘Invest Sri Lanka’ investor forum hosted in Sydney yesterday by the Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC) drew over 150 participants including institutional investors, high-net-worth individuals, Sri Lankans living in Sydney and other individuals with a business interest in Sri Lanka. 

CCC’s innovation strategy event to discuss digital investment related decision making

Partner at McKinsey and Company (London) Ganaka Herath, Deputy Chairman of John Keells Holdings Ajit Gunawardena, Senior Director of Sampath Bank Sanjiva Senanayake, and CEO of Fair First Insurance Sanjeev Jha will discuss how corporates can get smarter on making decisions on digital investments at the upcoming ‘Future of Business’ innovation strategy and learning event of the Ceylon Chamber of Commerce.

Mitra Innovation helps Irish company to launch DigiHealth

Mitra Innovation is a UK and Sri Lanka based company (with an additional office in Australia) specialising in SaaS technology platform incubation, digital transformation and Cloud-to-Cloud integration. 

New UK drug cost rules leave companies fuming

REUTERS: British drugmakers have accused Theresa May’s Conservative government of breaking a manifesto commitment to improve access to new medicines, following approval of new cost rules that take effect on April 1.

Pelwatte butter set to make Avurudu dishes tastier

When the month of April approaches anticipation rises in preparation for the Sinhala and Tamil New Year. 

Signal renews commitment to creating cavity-free Sri Lanka

Oral diseases and dental cavities are the most common chronic ailments across both developed and developing nations. 

99X Technology retains Category Title at 4th Governor’s Challenge Cup Quiz

Battling it out against some of the best corporate masterminds, the 99X Technology Quiz Team emerged category winners in the Imports/Exports segment at the 4th Governor’s Challenge Cup Quiz for Global Commerce Excellence, while placing in third overall, losing by a mere one point to Seylan Bank and Dialog Axiata who came in first and second respectively.

CB under pressure to increase rates further this week

Sri Lanka’s Central Bank is now to be under immense pressure to jack up the policy rates as early as this week as the economy appears to be facing another balance of payment (BoP) crisis in less than a year since it averted one with the help of the International Monetary Fund (IMF) last year. 

PUCSL introduces new regulations on constructions closer to power lines

Sri Lanka has introduced new regulations with regard to the minimum gap that needs to be maintained between power lines and buildings to ensure the safety of consumers and the properties .

CIM Sri Lanka partners with TabZ to boost knowledge and expertise

The Chartered Institute of Marketing Sri Lanka entered into a partnership with TabZ by DPJ Holdings - Apple authorized reseller to further strengthen the knowledge and expertise in the respective fields. The parties are desirous of entering into this MOU to declare their respective intentions, and to create value for both parties through combined efforts and positive collaboration. 

Colombo Shopping Festival to kick start on April 7

The Colombo Shopping Festival is the most awaited, most talked about and the most exciting shopping festival in Colombo happening in this festive season.  

GSK’s new female CEO to get 25% less after pay policy review

REUTERS: Incoming GlaxoSmithKline Chief Executive Emma Walmsley, the first woman to lead a top global drugmaker, will get a pay package worth a quarter less than her predecessor, following a company rethink on remuneration. Walmsley, who takes over next month, will be paid a base salary of 1,003,000 pounds (US $1.23 million), or 10 percent less than outgoing CEO Andrew Witty.

Fadna Tummy Tea arrives with solution to baggy tummy

Food and Natures Company (Pvt) Ltd forges a successful end to the problem of your tummy that sticks out, commonly invading the society.  

Will IMF recipe work for Sri Lanka?

My predictions are that the political surprises in 2016, which include Brexit and Donald Trump’s US elections, will continue in 2017 as well with elections in France and Germany.